CHEYENNE, Wyo., March 28, 2016 /PRNewswire/ -- The directors and management of NanoSave Technologies Inc. (OTC PINK: FLIBD) announced today that the former Formosa Liberty Corp. has change its name to NanoSave Technologies Inc. It is trading on the OTC as FLIBD. The company executed a 100 for 1 reverse stock split as part of its ongoing re-organization. The company has now completed its re-organization plans. "The company has now created a capital structure that is inline with our operating goals, and one that is in the best interests of our shareholders," stated CEO Steve Lovern.
In Other News, NanoSave Technologies continues to expand rapidly, corporate accountants have indicated that the first quarter numbers are clearly positive and may exceed initial expectations. "We feel very strongly that our numbers could be a pleasant surprise as we closeout the first quarter of 2016, we are looking forward to seeing the final tabulations and subsequently releasing the information," says Company CEO Steve Lovern. Q1 numbers will include the purchase of the NanoSave N1 oil products division in an all stock transaction from N1 Technologies Inc. (OTC: NTCHF). The company envisages these Patents and Technology as an exceptional opportunity for our investors going forward. NanoSave Technologies designs, develops, manufactures and markets a wide range of nano-engineered oil products, lubricants and marine coatings to a global market.
Certain statements contained in this press release constitute forward-looking information. These statements relate to future events or future performance. The use of any of the words "will" and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Corporation's current belief or assumptions as to the outcome and timing of such future events. Actual future results may differ materially. Various assumptions or factors are typically applied in drawing conclusions or making the forecasts or projections set out in forward-looking information. Those assumptions and factors are based on information currently available to the Corporation. The forward-looking information contained in this release is made as of the date hereof and the Corporation is not obligated to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on forward-looking information. The foregoing statements expressly qualify any forward-looking information contained herein.
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SOURCE NanoSave Technologies Inc.